The latest data show India’s consumer price inflation fell to a five-month low of 6.71% in July. Despite the numbers indicating a cool-off, consumer inflation has been above RBI’s tolerance band and medium-term target for 34 straight months.
Oil prices plummeted to their lowest levels since 2021 due to new U.S. tariffs announced by President Trump and increased output by OPEC+. Brent and
Jefferies’ Chris Wood criticizes Trump’s sweeping new tariffs, calling April 2 “an impoverishment day.” With steep levies on key Asian economies, analysts warn of global
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